Not-for-profit organizations are so diverse in nature that it is not feasible to find benchmarks with which to compare their financial and operating performance.

Answer the following statement true (T) or false (F)


False

Business

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A ______ strategy is when a company decides to introduce new product lines.

a. concentration b. diversification c. integration d. combination

Business

The Pareto principle is important to consider when an organization is

a. assessing whether to employ activity-based costing versus attribute-based costing. b. evaluating the number of activities that are value-added versus those that are non-value-added. c. deciding whether to offer a product in one color versus in ten colors. d. determining whether simultaneous engineering activities will be impacted by the "Rule of One."

Business

You have decided to open a fast-food restaurant. Which facility layout would be most efficient for you to use in the new restaurant’s kitchen?

a. cellular b. product c. fixed-position d. process

Business

The area franchisee is also called a ________

A) joint venturer B) limited partner C) subfranchisor D) strategic partner

Business